Most small businesses require some sort of inventory in order to operate. Having inventory and selling it for a profit are essential to the growth of a company. However, managing inventory can be a real challenge. Some parts of your inventory are inevitably going to move faster than others. There is no optimal speed for inventory to move; every business works differently.
Slow-moving inventory can be a real problem for businesses. Inventory that sits on the shelves for weeks or months on end is nothing more than wasted money. Cash is needed for a business to grow, so it’s imperative that companies avoid committing too much of it to inventory. Here are a few simple rules to remember when managing your inventory:
While inventory is definitely a “necessary evil”, it can lead to a great deal of productivity and growth when managed properly. Following these tips will help point you in the right direction.
AML was founded in 1983 to respond to a need in the barcode data collection marketplace for high performance, easy-to-use, and cost-effective barcode and data collection products. Our goal is to provide sensible solutions for mission critical activities, to improve efficiency and productivity, and to make barcode data collection applications worry-free.
We believe there is more to buying a product, than just the product. It's also the service and support that is available before, during, and after the sale.
It's being able to communicate when you need to, and get action and responses that work for you. It means not being at the mercy of anyone, but rather being the recipient of stellar customer service and support. That's AML.